A(n) _____ is an increase in wealth caused by an appreciation of the value of an asset that an individual or corporation owns
a. inflationary gain
b. profit
c. capital gain
d. accelerated appreciation
c
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Refer to Figure 3-1. If the product represented is an inferior good, a decrease in income would be represented by a movement from
A) A to B. B) B to A. C) D1 to D2. D) D2 to D1.
A decrease in the number of dry cleaners in an area is represented by a(n):
a. downward movement along the dry cleaning supply curve. b. upward movement along the dry cleaning supply curve. c. leftward shift in the dry cleaning supply curve. d. rightward shift in the dry cleaning supply curve. e. vertical dry cleaning supply curve.
If Allan lives in Boston and decides to buy a pair of hockey skates from Canada for $100, and the Canadian he bought them from buys a baseball hat and jersey for $100 from Boston, then the U.S. next exports:
A. and net capital outflow both equal ?$100. B. and net capital outflow are both zero. C. is zero and net capital outflow is ?$100. D. equals ?$100 and net capital outflow is zero.
A major criticism of foreign aid to developing nations is that it:
A. Provides incentives to reduce the role of government B. Is capital-using rather than capital-saving when it is spent C. Encourages dependency rather than self-sustained growth D. Leads to widespread underemployment and unemployment